Citrix acquires Cloud.com

- Tuesday, July 12, 2011

Citrix acquires Cloud.com

US enterprise access solutions provider Citrix Systems (Nasdaq: CTXS) has acquired Cloud.com, a compatriot firm that focuses on software infrastructure platforms for cloud providers, the companies said in a statement.

This acquisition strengthens Citrix's infrastructure portfolio for cloud providers. The value of the deal was not disclosed.

The transition from the PC era to the cloud era is expected to fuel a massive build-out in cloud infrastructure, creating a new market projected to exceed US$11bn with thousands of providers of all shapes and sizes by the end of 2013, according to industry analysts.

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Cloud.com's product line is a hypervisor-agnostic solution designed to help providers build clouds in a more simple, automated, elastic, scalable and efficient manner. This has helped Cloud.com customers around the world roll out new cloud services up to 50 times faster and at one-fifth the cost of alternative solutions, according to the statement.

With the addition of Cloud.com, Citrix now offers a complete portfolio of virtualization and networking solutions for the cloud era, allowing customers to use hardware, software, management products and service providers of their choice.

In 1Q11, Citrix's global revenue jumped 18% year-on-year to US$491mn, while net income rose to US$74mn. Citrix Systems saw its revenues increase 22% in the Americas in the first quarter of the year.

In Latin America, the company has presence in Chile, Argentina, Brazil and Mexico, as well as the Caribbean.